The growing significance of disruptive innovation and artificial intelligence

THR 2017-10-19T11:00:00.000Z

Plenary Room
President and CEO
Information Technology Industry Council
Global Head, Transaction Banking
Standard Chartered
Group Chief Operating Officer
Berkman Klein Center for Internet and Society, Harvard University

The effects of technological innovation within our industry and on wider society are of a scale never witnessed before. Commentators have spoken of a ‘fourth industrial revolution’ that will transform both the workplace and our daily lives. Amidst this change, talk has shifted from disintermediation to collaboration - FinTechs and financial services cannot be separated. The FinTech sector relies on banks, as trusted partners, to help scale and perform the final mile of transactions. With FinTech, RegTech and Artificial Intelligence (AI) developing rapidly, the industry needs to manage the disruption created by this growing ecosystem. Is it time to seize the cognitive opportunity to help banks cut costs, add value and meet multiple challenges? By adopting cognitive computing early, banks have the opportunity to derive significant financial benefits, especially in the relatively untapped area of middle- and back-office processing. And with Chatbots, robo-advisers, machine learning, cognitive computing and so much more, big technology companies are making significant investment in AI. What are the implications and what is the realistic future for the financial industry in this space? Hear from experts and leaders from the financial industry and beyond to learn more about the profound impact of new technology, machines and the transformative potential of AI.